Sectors & Industries HealthcareMedical Devices
Best Medical Device Stocks to Buy Now (2026)
Top medical device stocks in 2026 ranked by overall Zen Rating. "A" Rated stocks have returned an average of +28.50% per year, and are the best medical device stocks to buy now. Learn More.

Industry: Medical Devices

Overview Zen Rating Price Value Growth Financials Momentum

Sentiment Forecast Dividends Due Diligence

Medical Devices is Zen Rated C and is the 65th ranked industry out of 145 stock market industries

Ticker	Company	Price	Volume	Vol 1d %	SMA 10	SMA 20	SMA 50	SMA 100	SMA 200	RSI	Stochastic %K	Stochastic %D	StochRSI %K	StochRSI %D	MACD	MACD Signal	MACD Histogram	Beta
ANIK	ANIKA THERAPEUTICS INC	$19.73	122,000	32.61%	20.03	20.48	20.40	17.69	15.03	43.86	15.62	10.46	14.54	4.85	-0.24	-0.03	-0.20	0.79
BVS	BIOVENTUS INC	$13.52	357,000	-1.38%	13.63	13.40	13.69	11.88	10.31	50.17	56.72	63.41	47.05	56.11	0.01	0.02	-0.01	1.16
LIVN	LIVANOVA PLC	$76.43	559,000	5.67%	76.46	77.66	79.19	78.53	71.42	44.44	19.72	22.96	32.02	24.71	-1.06	-0.87	-0.19	0.92
TCMD	TACTILE SYSTEMS TECHNOLOGY INC	$22.47	353,000	40.08%	22.47	22.40	24.18	25.57	26.50	45.58	26.84	23.35	50.33	43.17	-0.43	-0.53	0.11	1.07
STE	STERIS PLC	$211.07	701,000	3.55%	209.71	210.39	223.92	217.87	227.97	42.32	56.74	51.60	85.35	85.58	-3.83	-4.52	0.69	0.72
CNMD	CONMED CORP	$47.33	324,000	34.44%	46.15	46.21	48.01	42.27	40.95	53.66	60.19	54.46	86.93	84.30	-0.33	-0.45	0.12	1.07
ELMD	ELECTROMED INC	$28.32	69,500	-18.24%	28.05	27.39	33.63	36.66	31.39	40.91	79.51	84.96	94.83	96.02	-1.23	-1.84	0.61	0.47
DXCM	DEXCOM INC	$86.90	2,951,000	33.89%	86.95	86.52	86.68	79.20	73.15	50.60	36.47	40.86	18.62	21.91	-0.02	0.25	-0.27	1.10
DCTH	DELCATH SYSTEMS INC	$15.87	428,000	-2.06%	15.81	15.96	15.66	13.80	11.90	50.14	22.09	25.28	20.94	20.19	-0.06	0.04	-0.11	0.89
VMD	VIEMED HEALTHCARE INC	$9.24	218,000	-43.81%	9.04	8.94	9.38	10.10	9.35	54.76	81.36	79.99	85.37	82.18	-0.04	-0.12	0.08	0.56
BWAY	BRAINSWAY LTD	$12.23	231,000	352.94%	13.09	13.43	14.41	14.74	13.78	26.85	7.38	11.42	0.00	20.12	-0.50	-0.42	-0.08	0.87
UFPT	UFP TECHNOLOGIES INC	$307.33	135,000	15.38%	296.27	287.22	294.26	265.63	244.20	65.44	88.09	85.27	92.46	88.42	3.30	1.01	2.29	0.95
GKOS	GLAUKOS CORP	$164.01	838,000	12.79%	159.49	164.52	172.20	154.25	135.28	47.31	56.06	51.87	96.79	92.23	-3.16	-3.67	0.51	1.17
SGHT	SIGHT SCIENCES INC	$8.92	565,000	41.96%	8.92	8.52	7.87	6.46	5.90	59.20	50.43	61.25	25.06	52.26	0.32	0.34	-0.01	1.71
MDT	MEDTRONIC PLC	$87.97	43,694,000	23.55%	88.09	90.23	90.02	84.97	88.60	43.52	18.20	11.47	15.33	6.02	-1.00	-0.43	-0.57	0.52
GMED	GLOBUS MEDICAL INC	$76.57	1,607,000	22.67%	74.99	74.77	79.55	79.52	84.59	50.18	66.27	56.75	84.48	79.67	-1.11	-1.54	0.43	0.94
PHG	KONINKLIJKE PHILIPS NV	$23.91	1,161,000	38.88%	24.49	24.67	25.88	26.25	27.42	32.18	13.28	15.63	9.60	25.97	-0.54	-0.50	-0.04	0.93
IRTC	IRHYTHM HOLDINGS INC	$109.09	626,000	78.86%	111.45	112.52	118.41	115.95	128.30	39.10	27.98	39.11	34.50	57.52	-2.14	-2.18	0.04	1.20
PODD	INSULET CORP	$135.62	1,825,000	-40.38%	134.23	136.47	144.68	149.18	192.61	44.51	29.00	18.10	38.03	18.93	-3.46	-3.41	-0.05	1.02
BRKR	BRUKER CORP	$63.86	1,966,000	-11.76%	63.06	60.28	58.97	57.31	49.39	57.97	70.26	76.07	62.36	75.86	1.63	1.37	0.27	1.12
CERS	CERUS CORP	$2.34	1,843,000	5.31%	2.47	2.51	2.59	2.71	2.43	38.05	10.87	9.38	8.02	5.93	-0.08	-0.05	-0.03	1.74
LMRI	LUMEXA IMAGING HOLDINGS INC	$10.77	616,000	29.41%	10.26	10.81	11.27	10.45	11.71	48.62	25.88	20.29	53.17	39.65	-0.32	-0.31	-0.01	1.57
SNN	SMITH & NEPHEW PLC	$26.92	1,874,000	52.61%	26.88	27.34	28.94	29.59	31.46	39.33	21.44	19.66	40.14	30.80	-0.61	-0.62	0.01	0.63
ALGN	ALIGN TECHNOLOGY INC	$140.65	1,680,000	205.45%	145.80	148.03	159.64	165.97	170.20	33.35	17.81	20.65	27.35	37.74	-4.61	-4.62	0.01	1.52
ATEC	ALPHATEC HOLDINGS INC	$10.72	2,063,000	-5.80%	10.18	10.10	9.73	9.08	11.48	61.10	44.93	41.75	35.86	28.14	0.19	0.19	0.00	1.16
SYK	STRYKER CORP	$285.22	3,330,000	66.92%	275.37	276.43	310.31	312.11	329.87	47.89	42.07	35.30	84.19	80.88	-8.70	-11.16	2.45	0.78
EW	EDWARDS LIFESCIENCES CORP	$87.23	3,196,000	32.72%	86.64	86.79	88.57	87.91	85.14	49.04	26.45	30.85	36.63	42.37	-0.71	-0.67	-0.04	0.82
NVCR	NOVOCURE LTD	$15.20	1,739,000	2.60%	15.88	16.03	16.60	16.66	14.73	37.82	22.59	31.15	13.51	22.99	-0.38	-0.27	-0.11	1.41
AXGN	AXOGEN INC	$37.22	2,099,000	-32.25%	41.68	43.22	45.72	43.85	38.98	27.18	3.89	13.66	0.00	5.89	-2.00	-1.27	-0.73	1.15
ZBH	ZIMMER BIOMET HOLDINGS INC	$91.57	2,293,000	15.52%	90.53	92.79	96.09	91.86	91.34	45.42	17.90	10.61	26.06	12.66	-1.96	-1.62	-0.34	0.59
QDEL	QUIDELORTHO CORP	$12.14	2,693,000	11.42%	10.82	11.16	13.52	14.08	17.90	52.38	55.92	33.80	87.56	79.20	-0.73	-0.94	0.21	1.17
ENOV	ENOVIS CORP	$18.69	1,349,000	-1.32%	18.28	18.41	22.87	23.34	23.76	42.91	41.17	37.77	74.66	77.08	-1.15	-1.43	0.28	1.25
BIO	BIO-RAD LABORATORIES INC	$379.82	279,000	24.55%	376.65	376.17	366.95	329.81	308.11	54.03	41.23	37.82	34.44	22.87	1.53	3.58	-2.05	0.95
IART	INTEGRA LIFESCIENCES HOLDINGS CORP	$13.29	1,859,000	-30.99%	15.48	15.59	16.62	16.93	14.05	32.07	28.93	50.96	30.10	54.30	-0.58	-0.38	-0.20	1.09
SIBN	SI-BONE INC	$19.81	632,000	15.54%	18.75	18.58	18.71	17.27	16.34	62.20	48.76	45.78	46.22	48.76	0.08	0.02	0.06	1.07
RCEL	AVITA MEDICAL INC	$13.25	418,000	6.91%	11.92	11.17	9.30	6.83	5.52	74.19	92.36	88.65	85.97	72.26	0.88	0.81	0.07	1.44
INMD	INMODE LTD	$14.13	465,000	-24.51%	14.20	14.45	14.84	14.54	14.39	33.39	13.13	11.36	22.06	12.69	-0.21	-0.19	-0.02	1.53
BFLY	BUTTERFLY NETWORK INC	$9.38	5,234,000	16.60%	9.20	8.39	8.43	7.30	5.70	58.67	63.81	61.28	50.67	49.84	0.28	0.21	0.07	2.31
IRMD	IRADIMED CORP	$86.47	77,000	-35.29%	86.03	84.36	87.23	90.43	93.61	53.78	65.93	66.94	80.90	82.28	-0.17	-0.62	0.45	0.88
MASS	908 DEVICES INC	$12.80	419,000	1.95%	11.89	10.97	10.11	9.08	7.76	74.93	92.29	93.06	100.00	100.00	0.72	0.54	0.18	1.70
MYO	MYOMO INC	$1.67	273,000	58.72%	1.62	1.48	1.43	1.27	1.05	62.17	84.44	78.81	83.34	75.72	0.06	0.05	0.01	1.33
KIDS	ORTHOPEDIATRICS CORP	$22.89	305,000	103.33%	22.46	22.34	22.84	20.79	18.98	53.18	36.98	35.87	46.39	37.27	-0.11	-0.11	0.01	1.18
ABT	ABBOTT LABORATORIES	$100.10	11,988,000	37.63%	100.46	101.80	106.78	99.03	103.88	40.83	26.93	15.53	38.57	17.62	-2.24	-1.92	-0.32	0.50
OFIX	ORTHOFIX MEDICAL INC	$9.50	635,000	99.06%	9.36	9.13	9.92	10.19	11.65	51.77	53.24	56.94	57.44	60.90	-0.09	-0.17	0.09	0.94
ALMR	ALAMAR BIOSCIENCES INC	$38.13	570,000	67.65%	33.56	31.91	31.00	27.10	N/A	67.69	70.90	62.08	71.16	64.69	1.23	0.82	0.41	0.93
LNSR	LENSAR INC	$6.67	51,500	-26.43%	6.88	7.26	7.25	6.54	7.99	36.93	11.92	7.79	24.50	12.61	-0.26	-0.17	-0.09	0.46
TMCI	TREACE MEDICAL CONCEPTS INC	$4.48	211,000	36.13%	4.49	4.51	4.54	4.18	3.08	48.76	36.71	34.65	27.66	23.01	-0.03	-0.01	-0.02	1.34
MXCT	MAXCYTE INC	$1.08	195,000	-14.47%	1.15	1.17	1.21	1.19	1.08	35.20	5.47	7.76	3.34	5.54	-0.04	-0.03	-0.01	1.44
ECOR	ELECTROCORE INC	$10.13	32,000	-73.77%	10.95	10.59	9.42	8.61	7.43	47.41	19.12	31.04	0.00	2.18	0.29	0.49	-0.20	0.85
BSX	BOSTON SCIENTIFIC CORP	$42.40	13,642,000	-25.51%	43.80	43.87	46.84	47.14	61.48	35.26	15.45	21.94	4.50	25.42	-1.04	-1.00	-0.05	0.65
INSP	INSPIRE MEDICAL SYSTEMS INC	$70.75	632,000	-17.06%	70.37	71.02	63.64	54.34	61.09	55.32	22.21	24.29	7.67	8.77	2.02	2.72	-0.70	1.27
CTKB	CYTEK BIOSCIENCES INC	$6.09	1,788,000	62.69%	5.80	5.35	4.87	4.54	4.62	74.99	92.35	92.51	71.68	77.57	0.34	0.29	0.05	1.37
LAB	STANDARD BIOTOOLS INC	$0.76	1,173,000	49.05%	0.74	0.73	0.73	0.83	0.99	58.31	64.92	61.15	56.86	46.32	0.01	0.00	0.00	1.46
NPCE	NEUROPACE INC	$13.22	149,000	24.17%	13.79	14.05	14.25	15.17	15.30	39.61	11.92	10.87	12.69	6.41	-0.34	-0.21	-0.13	0.93
INGN	INOGEN INC	$5.94	349,000	-18.27%	5.49	5.34	5.67	6.07	6.24	64.64	82.73	74.48	98.14	90.40	0.05	-0.07	0.12	1.13
LUNG	PULMONX CORP	$1.88	284,000	62.29%	1.93	1.95	2.05	1.73	1.68	43.37	20.56	28.33	18.09	29.90	-0.05	-0.03	-0.01	1.40
PEN	PENUMBRA INC	$317.11	368,000	53.33%	318.65	318.64	321.59	320.54	326.88	37.64	22.16	33.95	9.89	29.74	-0.97	-0.92	-0.06	0.96
SI	SHOULDER INNOVATIONS INC	$19.60	148,000	2.78%	18.20	18.35	20.26	19.22	16.62	55.88	80.08	74.64	97.89	97.89	-0.36	-0.65	0.29	0.31
OM	OUTSET MEDICAL INC	$4.10	175,000	-63.84%	3.34	3.27	3.95	4.20	4.15	65.68	90.69	69.89	100.00	89.01	-0.06	-0.20	0.15	1.47
APYX	APYX MEDICAL CORP	$2.60	68,400	32.30%	2.69	2.84	3.18	3.71	3.70	37.87	29.11	25.60	44.42	32.12	-0.18	-0.16	-0.02	1.27
TNDM	TANDEM DIABETES CARE INC	$16.52	1,790,000	-18.34%	16.36	17.02	19.51	17.78	19.41	40.35	52.40	48.01	100.00	97.98	-0.92	-0.98	0.07	1.35
HSCS	HEARTSCIENCES INC	$4.36	149,000	-16.29%	4.37	4.21	3.19	2.72	2.68	56.97	45.20	42.79	15.30	9.19	0.30	0.38	-0.08	0.29
ESTA	ESTABLISHMENT LABS HOLDINGS INC	$66.47	387,000	25.24%	65.63	68.48	74.75	78.25	73.21	42.37	24.45	17.74	44.50	21.92	-2.87	-2.88	0.02	1.65
SNWV	SANUWAVE HEALTH INC	$4.70	38,500	87.80%	4.75	4.47	4.96	8.54	15.87	48.51	63.03	63.43	71.26	72.09	-0.08	-0.17	0.10	0.81
CBLL	CERIBELL INC	$24.86	236,000	-23.13%	24.13	24.23	22.78	20.61	20.38	58.04	35.43	37.33	23.06	22.52	0.31	0.42	-0.11	1.46
MOBI	MOBIA MEDICAL INC	$9.59	160,000	-42.86%	9.17	9.82	10.82	11.79	N/A	45.06	26.34	24.77	59.77	51.97	-0.53	-0.54	0.01	-0.40
CV	CAPSOVISION INC	$6.59	90,000	-30.23%	6.43	6.41	6.39	6.58	6.66	53.59	43.48	46.21	40.76	43.77	0.04	0.03	0.01	0.86
HYPR	HYPERFINE INC	$0.88	896,000	-36.18%	0.83	0.81	0.86	1.11	1.15	58.95	77.87	66.63	97.20	88.80	-0.00	-0.02	0.02	1.36
CODX	CO-DIAGNOSTICS INC	$1.10	1,140,000	1,265.27%	1.09	1.07	1.25	2.50	2.72	43.76	65.57	59.72	85.33	81.16	-0.07	-0.09	0.03	1.44
NUWE	NUWELLIS INC	$0.69	162,000	48.62%	0.76	0.80	1.16	6.56	33.07	34.68	2.12	1.91	22.45	28.62	-0.17	-0.21	0.04	1.23
MDAI	SPECTRAL AI INC	$1.69	132,000	-29.79%	1.64	1.62	1.62	1.76	1.70	58.95	75.00	65.81	96.20	86.52	0.01	0.00	0.01	0.49
STEX	STREAMEX CORP	$0.59	855,000	93.44%	0.70	0.67	0.74	0.86	1.52	38.88	11.30	17.41	21.28	29.60	-0.03	-0.02	-0.01	1.29
QTRX	QUANTERIX CORP	$3.81	1,032,000	74.62%	3.46	3.12	3.07	3.27	4.22	66.53	87.82	89.62	71.82	79.08	0.20	0.12	0.09	1.86
PROF	PROFOUND MEDICAL CORP	$6.03	134,000	97.06%	5.81	5.94	6.65	6.75	6.83	47.11	38.33	31.99	99.52	94.83	-0.22	-0.26	0.05	1.02
SSII	SS INNOVATIONS INTERNATIONAL INC	$2.77	51,300	0.59%	2.93	3.11	3.45	3.58	4.18	31.14	7.06	12.01	13.70	14.04	-0.19	-0.16	-0.03	0.35
TNON	TENON MEDICAL INC	$3.70	450,000	-92.36%	3.39	3.87	5.09	10.93	20.21	45.61	32.01	24.56	78.44	69.92	-0.52	-0.66	0.13	0.97
BBNX	BETA BIONICS INC	$18.95	625,000	21.36%	20.40	19.87	18.42	16.33	15.77	45.80	30.21	38.31	6.68	13.79	0.20	0.58	-0.38	1.63
TLSI	TRISALUS LIFE SCIENCES INC	$4.38	133,000	-8.28%	4.47	4.65	4.89	4.34	4.66	41.35	14.60	12.32	20.73	12.12	-0.17	-0.12	-0.05	0.25
RXST	RXSIGHT INC	$4.76	484,000	-21.56%	4.77	5.26	5.98	5.63	6.93	33.17	9.69	10.78	52.08	40.34	-0.40	-0.38	-0.03	1.22
BJDX	BLUEJAY DIAGNOSTICS INC	$0.76	387,000	236.52%	0.90	0.91	0.94	1.74	2.05	35.63	12.76	22.51	16.57	28.79	-0.04	-0.04	-0.00	0.60
ICCM	ICECURE MEDICAL LTD	$1.54	159,000	-49.04%	1.69	1.88	2.37	3.66	9.71	23.71	11.14	10.18	49.37	39.65	-0.25	-0.25	0.00	0.64
CVRX	CVRX INC	$1.56	577,000	-45.57%	2.25	2.60	3.22	4.30	5.86	22.49	2.86	5.36	2.58	6.46	-0.42	-0.31	-0.11	1.50
AHCO	ADAPTHEALTH CORP	$5.74	3,264,000	88.24%	5.67	5.76	6.41	8.34	9.59	44.08	27.82	22.63	68.87	55.81	-0.21	-0.27	0.06	0.97
PRCT	PROCEPT BIOROBOTICS CORP	$17.82	971,000	-21.76%	17.69	18.82	19.86	21.67	24.63	41.87	16.50	18.00	45.99	39.01	-0.86	-0.77	-0.09	1.22
SENS	SENSEONICS HOLDINGS INC	$10.31	710,000	0.57%	10.06	9.59	8.46	7.23	6.99	64.50	70.12	71.07	33.34	41.09	0.43	0.47	-0.04	1.84
PACB	PACIFIC BIOSCIENCES OF CALIFORNIA INC	$2.87	26,142,000	0.50%	1.99	1.66	1.45	1.44	1.58	89.33	95.01	94.61	100.00	100.00	0.31	0.16	0.15	2.40
CATX	PERSPECTIVE THERAPEUTICS INC	$2.57	3,559,000	35.74%	2.65	2.76	2.97	3.15	3.61	39.84	41.24	45.39	68.05	71.96	-0.11	-0.11	0.00	1.20
TMDX	TRANSMEDICS GROUP INC	$82.99	995,000	-18.64%	83.59	84.99	85.47	78.33	99.77	46.82	23.58	24.03	25.14	17.36	-1.19	-0.51	-0.67	1.57
LUCD	LUCID DIAGNOSTICS INC	$0.59	1,833,000	-18.71%	0.76	0.79	0.89	0.95	1.09	23.75	29.07	26.17	0.00	13.99	-0.07	-0.05	-0.02	0.84
AORT	ARTIVION INC	$22.61	734,000	31.31%	22.88	23.76	25.86	24.27	31.58	36.79	14.98	11.52	31.13	20.92	-0.98	-0.91	-0.08	0.96
PMI	PICARD MEDICAL INC	$6.93	893,000	0.00%	4.87	5.06	4.91	6.75	35.74	62.13	55.54	33.09	68.88	37.69	-0.01	-0.16	0.15	1.30
WOK	WORK MEDICAL TECHNOLOGY GROUP LTD	$1.47	150,000	143.11%	1.79	1.85	2.02	8.92	93.97	31.51	10.39	8.50	0.00	2.86	-0.24	-0.27	0.03	0.96
MODD	MODULAR MEDICAL INC	$2.30	75,500	-20.53%	2.11	2.29	2.59	3.41	6.19	45.90	43.01	27.93	71.58	47.55	-0.23	-0.24	0.01	0.61
PFSA	PROFUSA INC	$1.75	269,000	-27.69%	2.07	2.14	3.92	12.85	161.78	42.79	7.31	11.75	28.29	36.10	-0.76	-0.91	0.15	0.12
MBOT	MICROBOT MEDICAL INC	$1.07	1,910,000	124.18%	1.24	1.34	1.51	1.68	1.95	15.51	5.63	4.95	0.00	0.00	-0.10	-0.08	-0.02	1.34
RPID	RAPID MICRO BIOSYSTEMS INC	$0.98	445,000	35.26%	1.05	1.11	1.49	1.70	2.46	24.81	17.47	8.78	32.28	21.62	-0.14	-0.14	0.00	1.25
NNOX	NANO-X IMAGING LTD	$0.64	693,000	-16.51%	0.67	0.71	0.84	1.17	1.84	38.39	10.60	17.36	38.70	46.93	-0.06	-0.06	0.00	1.76
AMIX	AUTONOMIX MEDICAL INC	$3.54	131,000	-94.92%	3.89	4.10	5.57	6.24	7.64	36.63	19.61	23.09	33.57	37.58	-0.47	-0.50	0.04	1.71
CLPT	CLEARPOINT NEURO INC	$11.52	759,000	-8.88%	13.34	13.50	14.34	14.59	13.40	37.51	5.75	5.62	5.34	4.39	-0.76	-0.44	-0.32	1.82
NMTC	NEUROONE MEDICAL TECHNOLOGIES CORP	$1.12	984,000	389.55%	1.20	1.35	1.61	2.42	3.57	32.48	19.82	12.05	54.89	27.52	-0.18	-0.17	-0.01	0.69

Medical Device Stocks FAQ

What are the best medical device stocks to buy right now in Oct 2026?

According to Zen Ratings, our proprietary rating system that evaluates 115 factors proven to drive growth in stocks and assigns each stock in our system an overall letter grade as well as 7 individual Component Grades for Value, Growth, Momentum, Sentiment, Safety, Financials, and proprietary AI algorithms, the 3 best medical equipment stocks to buy right now are:

1. Anika Therapeutics (NASDAQ:ANIK)

Anika Therapeutics (NASDAQ:ANIK) is the #1 top medical device stock out of 132 with a Zen Rating of A. Stocks with a rating of A have had an average return of +28.5% per year. Learn more.

The Component Grade breakdown for Anika Therapeutics (NASDAQ:ANIK) is: Value: C, Growth: A, Momentum: B, Sentiment: A, Safety: C, Financials: C, and AI: C.

Anika Therapeutics (NASDAQ:ANIK) has a Due Diligence Score of 26, which is -4 points lower than the medical device industry average of 30. Although this number is below the industry average, our proven quant model rates ANIK as a "A".

ANIK passed 8 out of 33 due diligence checks and has average fundamentals. Anika Therapeutics has seen its stock return 113.07% over the past year, overperforming other medical device stocks by 208 percentage points.

Anika Therapeutics has an average 1 year price target of $22.00, an upside of 11.51% from Anika Therapeutics's current stock price of $19.73.

Anika Therapeutics stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Anika Therapeutics, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Bioventus (NASDAQ:BVS)

Bioventus (NASDAQ:BVS) is the #2 top medical device stock out of 132 with a Zen Rating of A. Stocks with a rating of A have had an average return of +28.5% per year. Learn more.

The Component Grade breakdown for Bioventus (NASDAQ:BVS) is: Value: B, Growth: B, Momentum: B, Sentiment: C, Safety: B, Financials: A, and AI: C.

Bioventus (NASDAQ:BVS) has a Due Diligence Score of 48, which is 18 points higher than the medical device industry average of 30.

BVS passed 15 out of 33 due diligence checks and has strong fundamentals. Bioventus has seen its stock return 99.12% over the past year, overperforming other medical device stocks by 194 percentage points.

Bioventus has an average 1 year price target of $16.00, an upside of 18.34% from Bioventus's current stock price of $13.52.

Bioventus stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Bioventus, 66.67% have issued a Strong Buy rating, 33.33% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Livanova (NASDAQ:LIVN)

Livanova (NASDAQ:LIVN) is the #3 top medical device stock out of 132 with a Zen Rating of A. Stocks with a rating of A have had an average return of +28.5% per year. Learn more.

The Component Grade breakdown for Livanova (NASDAQ:LIVN) is: Value: B, Growth: B, Momentum: C, Sentiment: B, Safety: A, Financials: B, and AI: C.

Livanova (NASDAQ:LIVN) has a Due Diligence Score of 37, which is 7 points higher than the medical device industry average of 30.

LIVN passed 12 out of 33 due diligence checks and has average fundamentals. Livanova has seen its stock return 45.22% over the past year, overperforming other medical device stocks by 141 percentage points.

Livanova has an average 1 year price target of $86.14, an upside of 12.71% from Livanova's current stock price of $76.43.

Livanova stock has a consensus Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Livanova, 28.57% have issued a Strong Buy rating, 42.86% have issued a Buy, 28.57% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the medical device stocks with highest dividends?

Out of 10 medical device stocks that have issued dividends in the past year, the 3 medical device stocks with the highest dividend yields are:

1. Conmed (NYSE:CNMD)

Conmed (NYSE:CNMD) has an annual dividend yield of N/A, which is N/A percentage points lower than the medical device industry average of 1.89%. Conmed's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Conmed's dividend has not shown consistent growth over the last 10 years.

Conmed's dividend payout ratio of 10.8% indicates that its dividend yield is sustainable for the long-term.

2. Koninklijke Philips Nv (NYSE:PHG)

Koninklijke Philips Nv (NYSE:PHG) has an annual dividend yield of 4.24%, which is 2 percentage points higher than the medical device industry average of 1.89%. Koninklijke Philips Nv's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Koninklijke Philips Nv's dividend has shown consistent growth over the last 10 years.

Koninklijke Philips Nv's dividend payout ratio of -109.6% indicates that its dividend yield might not be sustainable for the long-term.

3. Smith & Nephew (NYSE:SNN)

Smith & Nephew (NYSE:SNN) has an annual dividend yield of 2.9%, which is 1 percentage points higher than the medical device industry average of 1.89%. Smith & Nephew's dividend payout is not stable, having dropped more than 10% ten times in the last 10 years. Smith & Nephew's dividend has shown consistent growth over the last 10 years.

Smith & Nephew's dividend payout ratio of 51.9% indicates that its dividend yield is sustainable for the long-term.

Why are medical device stocks up?

Medical device stocks were up 1.87% in the last day, and up 0.45% over the last week. Abbott Laboratories was the among the top gainers in the medical devices industry, gaining 2.67% yesterday.

Abbott shares are trading higher after the company received FDA approval for CardioMEMS HF System updates that add new patient-facing features through the CardioGuide HF App.

What are the most undervalued medical device stocks?

Based on the Valuation rating, one of the 7 components of a stocks overall Zen Ratings grade, which evaluates factors including estimated earnings yield, earnings before interest and taxes/enterprise value, cash flow yield, free cash flow to price, and price-to-earnings growth (PEG ratio), the 3 most undervalued medical device stocks right now are:

1. Inmode (NASDAQ:INMD)

Inmode (NASDAQ:INMD) is the most undervalued medical device stock based on its Valuation Rating of A. Valuation is one of 7 Component Grades used to calculate the overall Zen Rating.

Inmode has a valuation score of 71, which is 54 points higher than the medical device industry average of 17. It passed 5 out of 7 valuation due diligence checks.

Inmode's stock has dropped -7.22% in the past year. It has overperformed other stocks in the medical device industry by 88 percentage points.

2. Koninklijke Philips Nv (NYSE:PHG)

Koninklijke Philips Nv (NYSE:PHG) is the second most undervalued medical device stock based on its Valuation Rating of A. Valuation is one of 7 Component Grades used to calculate the overall Zen Rating.

Koninklijke Philips Nv has a valuation score of 14, which is -3 points higher than the medical device industry average of 17. It passed 1 out of 7 valuation due diligence checks. Although this number is below the industry average, our proven quant model rates PHG a Valuation Rating of "A".

Koninklijke Philips Nv's stock has dropped -14.73% in the past year. It has overperformed other stocks in the medical device industry by 81 percentage points.

3. Conmed (NYSE:CNMD)

Conmed (NYSE:CNMD) is the third most undervalued medical device stock based on its Valuation Rating of A. Valuation is one of 7 Component Grades used to calculate the overall Zen Rating.

Conmed has a valuation score of 43, which is 26 points higher than the medical device industry average of 17. It passed 3 out of 7 valuation due diligence checks.

Conmed's stock has gained 1.85% in the past year. It has overperformed other stocks in the medical device industry by 97 percentage points.

Are medical device stocks a good buy now?

58.16% of medical device stocks rated by analysts are a strong buy right now. On average, analysts expect medical device stocks to rise by 25.39% over the next year.

4.04% of medical device stocks have a Zen Rating of A (Strong Buy), 20.2% of medical device stocks are rated B (Buy), 54.55% are rated C (Hold), 20.2% are rated D (Sell), and 1.01% are rated F (Strong Sell).

What is the average p/e ratio of the medical devices industry?

The average P/E ratio of the medical devices industry is 22.03x.

WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.

Sectors & Industries HealthcareMedical Devices
Best Medical Device Stocks to Buy Now (2026)
Top medical device stocks in 2026 ranked by overall Zen Rating. "A" Rated stocks have returned an average of +28.50% per year, and are the best medical device stocks to buy now. Learn More.

Medical Device Stocks FAQ

1. Anika Therapeutics (NASDAQ:ANIK)

2. Bioventus (NASDAQ:BVS)

3. Livanova (NASDAQ:LIVN)

1. Conmed (NYSE:CNMD)

2. Koninklijke Philips Nv (NYSE:PHG)

3. Smith & Nephew (NYSE:SNN)

1. Inmode (NASDAQ:INMD)

2. Koninklijke Philips Nv (NYSE:PHG)

3. Conmed (NYSE:CNMD)

Company

Stock Tools

Stock Ideas

Sectors & IndustriesHealthcareMedical DevicesBest Medical Device Stocks to Buy Now (2026)Top medical device stocks in 2026 ranked by overall Zen Rating. "A" Rated stocks have returned an average of +28.50% per year, and are the best medical device stocks to buy now. Learn More.

Medical Device Stocks FAQ

1. Anika Therapeutics (NASDAQ:ANIK)

2. Bioventus (NASDAQ:BVS)

3. Livanova (NASDAQ:LIVN)

1. Conmed (NYSE:CNMD)

2. Koninklijke Philips Nv (NYSE:PHG)

3. Smith & Nephew (NYSE:SNN)

1. Inmode (NASDAQ:INMD)

2. Koninklijke Philips Nv (NYSE:PHG)

3. Conmed (NYSE:CNMD)

Company

Stock Tools

Stock Ideas

Sectors & Industries HealthcareMedical Devices
Best Medical Device Stocks to Buy Now (2026)
Top medical device stocks in 2026 ranked by overall Zen Rating. "A" Rated stocks have returned an average of +28.50% per year, and are the best medical device stocks to buy now. Learn More.